CSX Co. (NASDAQ:CSX) Shares Purchased by Austin Private Wealth LLC

Austin Private Wealth LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,049 shares of the transportation company’s stock after purchasing an additional 1,402 shares during the quarter. Austin Private Wealth LLC’s holdings in CSX were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. AA Financial Advisors LLC grew its position in shares of CSX by 8.2% in the 4th quarter. AA Financial Advisors LLC now owns 31,914 shares of the transportation company’s stock valued at $1,030,000 after buying an additional 2,419 shares during the last quarter. Sonora Investment Management Group LLC raised its stake in CSX by 20.8% during the 4th quarter. Sonora Investment Management Group LLC now owns 33,419 shares of the transportation company’s stock worth $1,078,000 after acquiring an additional 5,753 shares in the last quarter. Gilbert & Cook Inc. raised its stake in CSX by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 17,871 shares of the transportation company’s stock worth $577,000 after acquiring an additional 385 shares in the last quarter. Crews Bank & Trust acquired a new stake in CSX during the 4th quarter worth $368,000. Finally, Capital Investment Advisory Services LLC raised its stake in CSX by 8.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 16,497 shares of the transportation company’s stock worth $532,000 after acquiring an additional 1,316 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the topic of several research analyst reports. Barclays cut their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets cut their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Evercore ISI cut their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen dropped their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.58.

CSX Stock Up 0.0 %

CSX stock opened at $32.87 on Friday. The company has a market cap of $63.39 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 1.22. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The company’s 50-day moving average price is $33.39 and its 200 day moving average price is $33.94. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts expect that CSX Co. will post 1.88 earnings per share for the current fiscal year.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.